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What should be the least number of years...

What should be the least number of years in which the simple interest on Rs 2600 at `6(2)/(3)` % will be an exact number of rupees ?

A

3

B

2

C

5

D

4

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine the least number of years (T) for which the simple interest on Rs 2600 at a rate of \(6 \frac{2}{3}\%\) becomes an exact number of rupees. ### Step 1: Convert the percentage to a fraction The interest rate given is \(6 \frac{2}{3}\%\). We can convert this mixed number into an improper fraction: \[ 6 \frac{2}{3} = \frac{20}{3}\% \] ### Step 2: Write the formula for Simple Interest The formula for Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] where: - \(P\) = Principal amount (Rs 2600) - \(R\) = Rate of interest (\(\frac{20}{3}\%\)) - \(T\) = Time in years (which we need to find) ### Step 3: Substitute the values into the formula Substituting the known values into the formula: \[ SI = \frac{2600 \times \frac{20}{3} \times T}{100} \] ### Step 4: Simplify the equation Now, simplify the equation: \[ SI = \frac{2600 \times 20 \times T}{300} \] \[ SI = \frac{52000 \times T}{300} \] \[ SI = \frac{520T}{3} \] ### Step 5: Determine the condition for SI to be an exact number For the Simple Interest (SI) to be an exact number of rupees, \(\frac{520T}{3}\) must be an integer. This means that \(520T\) must be divisible by 3. ### Step 6: Find the least value of T Now, we need to find the least value of \(T\) such that \(520T\) is divisible by 3. We can check the divisibility of 520 by 3: \[ 520 \div 3 = 173.33 \quad (\text{not divisible}) \] The remainder when 520 is divided by 3 is 1 (since \(520 = 3 \times 173 + 1\)). Therefore, for \(520T\) to be divisible by 3, \(T\) must be such that: \[ T \equiv 2 \mod 3 \] The smallest positive integer satisfying this condition is \(T = 3\). ### Conclusion Thus, the least number of years in which the simple interest on Rs 2600 at \(6 \frac{2}{3}\%\) will be an exact number of rupees is: \[ \boxed{3} \]
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KIRAN PUBLICATION-SIMPLE INTERSET-TYPE - VI
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